CORNELIUS, N.C.–(BUSINESS WIRE)–Since 2019, Huck Cycles has been designing and building electric mopeds in North Carolina. They have built and delivered more than 700 mopeds in the U.S. and six other countries. Huck Cycles received an investment in late 2021 to help it procure more components, add to working capital and expand the team. In addition, Clairvoyant Ventures, the investor group, will bring strategic counsel and guidance from experienced business leaders. This strategic investment enables Huck to continue its growth trajectory, with three electric moped models available in 2022, the Rebel, the Stinger and the Overland.
“We have been working to grow Huck Cycles during the past few years and have gained solid traction with our riders who love our bespoke approach to building motorbikes. At the same time, we discovered what many companies have learned, that supply chain challenges impact the ability to deliver your product to customers,” said Brett McCoy, CEO and founder of Huck Cycles. “I realized that for us to expand production and to tackle the supply chain issues through increased buying power, that we needed outside investment.”
Huck Cycles designs, fabricates and builds electric mopeds in the U.S. Started as a passion project in 2019, Huck posted early prototypes and builds on Instagram, which in return created orders for Brett to build, which he did on nights and weekends until he started hiring additional team members. Huck has been refining its design language, adding talent and building bikes, while prototyping new models, including the Overland, which is redesigned for 2022 and the Stinger which will feature an all-new frame design in 2022.
Huck uses as many local and national suppliers as possible. And, for those who want to get to know their bike better before delivery, Huck has a Build Your Bike program, which happens every other Saturday. People can schedule a time to be onsite to put the finishing touches on the bike, go for a ride and grab a beverage, before leaving with their new motorbike.
“Brett and the entire Huck team have really built a brand around hand-built custom motorbikes that are retro inspired, fun to ride and a true transportation option,” said Steve Amedio, Chairman and CEO of Clairvoyant Ventures. “The craftsmanship, from seats to tanks to the ride itself, are what sets Huck apart. As investors, we were interested in how this attention to detail can be preserved and delivered at scale. We are working with the entire Huck team to codify processes to simplify and increase efficiency.”
Clairvoyant Ventures, which invested fresh capital in Q4 2021, was the first outside investment in Huck Cycles. Some of the investors will serve on the board of directors and/or will serve as strategic advisors to the company and its board.
About Huck Cycles
Huck Cycles was founded in 2019 by veteran Brett McCoy. Huck Cycles are U.S. Department of Transportation-approved (DOT) and are delivered with a moped VIN or motorcycle VIN, based on the purchaser’s home state. With more than 700+ electric mopeds in 30+ U.S. and six additional countries, Huck is delivering custom electric motorbikes using as much N.C. and/or U.S. components as possible. The company started out on Instagram and the bulk of the company’s marketing and the majority of its sales were conducted on Instagram. For more information, visit us at huckcycles.com or @huckcycles on Instagram.
Contacts
Winn Maddrey
704.905.2912
